Wood Dale Real Estate - Good News for Home Prices

A recent Multiple Listing search for Wood Dale, IL, homes shows that even though the number of homes sold has been decreasing, the home prices have been climbing. The information was broken down into one year increments dating back three years.

The graph above shows that the number of homes sold is down about 58% versus 3 years ago. Although the number of homes sold is down significantly the price has been on the rise. See the bar graph below.

From the 24-36 month range to the 12-24 month range the mean price of sold homes increased by just over $4,500. In the last 12 months prices rose just over $6,500 over the previous year. In this period, Wood Dale home prices are up about $11,000 or as a percentage prices have increased by about 3.3%.

As the national media is talking about the "bubble bursting" real estate market, Wood Dale real estate prices have actually been increasing. Local market prices are truer indicators of your home's value. To get an accurate valuation of your Wood Dale home, contact Richard Parr, Realtor.

This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The data included only detached single family homes.